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Winner for Sept. 17: Is the real estate crash global?

The voting is closed.

This week, the top vote winner is a contrarian view on the real estate crash. A member asks, "are there any countries where real estate is booming, or is [the crash] a worldwide phenomenon?"

The obvious answer is that real estate is skyrocketing in Chinese cities, where rich locals are parking their money for lack of alternatives. GlobalPost did a series on this. But it's interesting to ask, where else is real estate booming, and why? 

Real estate is booming in Brazil, it turns out. Here's the story we published: Brazil's real estate boom.